New portal CEO says agents can start upping landlord fees

Even though this portal has yet to launch, its been reaping the benefits, according to its CEO. Letting agents will get a "huge opportunity" to increase the fees for landlords.

Antony Codling - the former City analyst whose clients at the consultancy Jefferies included Countrywide and Zoopla - is now the chief executive of Rummage4, a property portal said to be launching this year. 

He took to Twitter following the release of the government’s Private Landlord Survey with a message that echoed a theme he touched upon two weeks ago in his presentation to the Guild of Property Professionals - the chance for letting agents to levy higher fees on landlords for services, to compensate for the loss of other income.

Codling tweeted: “Huge opportunity for agents to replace tenant fees with landlord fees. Government survey reports 52 per cent of landlords do not use an agent. Increase awareness of landlord responsibilities could increase use of agents. With snow on the ground has Christmas come early in 2019 for agents?”

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